💱US Dollar/Malaysian Ringgit FX Spot Rate
USDMYR
▲ PositiveGeopoliticsrelevance
Renewed US-Iran tensions and risk-off sentiment weaken MYR against USD
OCBC notes that the Malaysian Ringgit has weakened against the US Dollar, with USD/MYR rising on renewed US–Iran tensions and broader risk-off sentiment. This occurred despite stronger Malaysian Gross Domestic Product and better foreign equity flows.
Renewed US-Iran tensions and risk-off sentiment weaken MYR against USD